Lorain, OH 44052,1641 Root RD
$1,300,000
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16.1 Acres Lot
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1641 Root RD Lorain, OH 44052

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UPDATED:

09/30/2024 05:31 PM

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Subdivision Sheffield

MLS Listing ID 4475297

Construction Status Unknown

HOA Y/N No

Year Built 1900

Annual Tax Amount $3,488

Lot Size 16.100 Acres

Acres 16.1

Property Description

This property is currently used as residential with an attached apartment. There are a total of three parcels containing 16.1 acres. Frontage on Root Rd. All mineral rights are owned by the seller. Gas and water wells on the property as well as a large holding pond and a French drain at the rear of the property routing water to the proper area. Located close to Lake Erie, across from the new racing car facility being built. Close to I-90. Good location for Hotel/restaurant complex with room for boutique shops and/or recreational sites. A huge opportunity to get in on the ground floor of an up-and-coming developing area.
The value is in the land itself and the house and apartment are just a bonus. Property is wooded and additional land may be available.

Location

State OH

County Lorain

Interior

Fireplace No

Building

Construction Status Unknown

Schools

School District Lorain Csd - 4709

Others

Tax ID 03-00-058-101-033

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional


Listed by Judy Wargo • MAC Realty, Inc. • (440) 452-6244 judereal@aol.com

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Scott Connors

Broker Associate | License ID: BRKA.2018003766,WVA190040069

+1(740) 310-0032

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1641 Root RD